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Ontario Power of Attorney for Property Form

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Ontario Power of Attorney for Property Form Page 2
Ontario Power of Attorney for Property Form
6. Ratification, Revocation and Indemnification: I hereby ratify and confirm all acts and things which my Attorney(s) shall do or cause to be
done under or by virtue of this power of attorney. The Bank may continue to deal with my Attorney(s) until a written notice of revocation of
this power of attorney has been given to the branch of the Bank at which my account(s) is kept, and the Bank has confirmed in writing that it
has received my notice of revocation. I will indemnify the Bank and hold the Bank harmless from all losses, costs, fees, damages, expenses,
claims and liabilities whatsoever that the Bank may suffer or incur or that may be brought against the Bank as a result of the Bank acting
upon the instructions of my Attorney(s) pursuant to this power of attorney.
SECTION 7 BELOW GRANTS A CONTINUING POWER OF ATTORNEY WHICH WILL ALLOW THIS POWER OF
ATTORNEY TO BE EXERCISED DURING YOUR MENTAL INCAPACITY. IF YOU DO NOT WISH TO GRANT A
CONTINUING POWER OF ATTORNEY, YOU MUST DELETE AND INITIAL SECTION 7
7. Continuing Power of Attorney: It is my intention and I so authorize my Attorney(s) that this authority shall be exercised during any
incapacity on my part to manage my property, pursuant to the Substitute Decisions Act.
8. Acknowledgement of Mental Capacity: I acknowledge and am aware of the following:
(a) I know what kind of property I have and its approximate value;
(b) I am aware of obligations owed to my dependents;
(c) I know that my Attorney(s) will be able to do anything in respect of my property I could do if capable, with the exception of making my
will;
(d) I know that my Attorney(s) must account for his, her or their dealings with my property;
(e) I know that I may, if capable, revoke this power of attorney;
(f) I appreciate that unless my Attorney(s) manages my property prudently, the value of my property may decline; and
(g) I appreciate the possibility that my Attorney(s) could misuse the authority given to him, her or them.
Executed at
this
day of
,
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If this is a continuing power of attorney, it must be executed in the presence of two witnesses, each present at the same time.
If this is not a continuing power of attorney, only one witness is required.
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Signature of witness*
Signature of witness*
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Print name
Print name
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Print address
Print address
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Signature of Grantor
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Print occupation
Print occupation
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* If this is a continuing power of attorney, the signature of each witness is his or her acknowledgement that he or she has no reason to believe that the
Grantor is incapable of giving this power of attorney, and that he or she is not:
(a) an Attorney or substitute Attorney appointed hereunder;
(b) the spouse or partner of an Attorney or substitute Attorney appointed hereunder;
(c) the Grantor’s spouse or partner;
(d) a child of the Grantor or a person whom the Grantor has demonstrated a settled intention to treat as his or her child;
(e) a person whose property is under guardianship or who has a guardian of the person; or
(f) less than 18 years old.
(“partner” means a person who has lived with the Grantor for over one year in a close personal relationship that is of primary importance in both person’s lives)
Acknowledgement of Attorney(s): I hereby accept the above appointment.
Signature of Attorney
Signature of Attorney
Date
Date
Ontario Power of Attorney for Property Form